Motivational Issues In Modern Management Term Paper

Motivational Issues In Modern Management - Term Paper Example Having an open door policy in an organization makes all employees feel at ease. When management encourages staff to feel at ease in the office, it creates an atmosphere that is conducive to work in. Communicating in an informal basis to the juniors helps them feel that you are part of their team thus encourages them to involve the management more in their work. Building employee confidence is crucial as this finally trickles down to the kind of results they produce. Offering feedback and information on a project, or encouragement to employees instills confidence in them. Meeting employee’s needs in areas such as, good working conditions, offering reasonable salaries, and job security all help in job satisfaction. Most employees have targets which they have set for themselves, getting to know employee’s better helps the managers establish the type of targets to give to a person, as well as identify their strengths and weaknesses. Laming (2004) argues that motivation can be done by setting targets that are achievable to an individual. However, this does not mean that a more experienced staff should be given a task that they are sure to meet easily since it does not help them in personal growth. For a more experienced staff, a more challenging task they have never encountered before drives them into being more creative and innovative, hence helps boost their confidence too. Therefore, the tasks given have to be realistic, specific, and tangible. This helps them into putting more effort to the task at hand. It enhances job satisfaction and offers opportunities for job advancements and promotions (Laming, 2004). Targets equally help employees know exactly what is expected of them. Therefore, empowering employees is very important as it helps them advance and improve their quality of life. Management should concentrate on making work more interesting to their staff. Job enrichment cuts back on workers feeling dissatisfied with their jobs. This improves the atmosphere of the workplace and employees tend to be more responsible (Donald, 2004). However, this means that the company has to incur expenses in training the staff members who lack the proper skills. Nevertheless, the training is beneficial to both the employee and employer, as the staff can be given more responsibilities as they already have acquired training. Job rotation should highly be considered as it helps an employee gain more knowledge of the processes of the company. This means that at any given time, there is always someone on standby able to do the job in case a member of staff is unavailable. However, this means that some employees have to be taken away from their usual tasks so as to acquire more training on more duties and responsibilities. Appraisals are a good way of assessing and improving employee’s performance. The appraisals work in identifying the strengths and weaknesses of employees, therefore, investing more time on their strengths. Companies l ike Apple motivate their staff by giving them time to work on a creation of their choice once a week (Reeve, 2009). In return, new innovations are often created. This gives the employees ownership of the creation, and encourages them create more innovations. Praising employees during public events is a good way to boost their motivation and self esteem. This shows that management values the work one is

Autocallable Structured Notes - involving the knowledge of exotic Essay

Autocallable Structured Notes - involving the knowledge of exotic options and portfolio replicating skills - Essay Example With reference to the term sheet, the issued autocallable structured notes however are principal protected which is a significant deviation in the structure of the security since it was originally issued. One issue which is more prominent since the launch of this type of security is its pricing. Pricing models have now proposed a new approach to the pricing of autocallable structured note by incorporating stochastic volatility by taking on the correlation between the interest and equity. Due to the high return offered by these structured notes owing to their inherent structure as they tend to increase in value when markets go down as well as when markets are rising. The reason for the issuance of these investment securities during Oct/November 2007 was because of the fact that due to credit crunch in the financial sector at International Level and resulting volatility in the equity markets resulted in creating opportunities for the investors to engineer instruments which provide a confirmed high return coupled with principal protection. This fact can also be corroborated in the sense that the overall credit crunch in western financial institutions resulted in upward surge in the interest rates hence necessitating a raise in the required rate of return by the investors in the equity markets also. Since these structured notes are structured in a way that they either go in tandem with some benchmarking rates like LIBOR thus any fluctuation in benchmarking rates also pu sh the returns on these instruments in more favorable position for the investors. Apart from that autocallables are considered as yield enhancement strategies. Trading units and size of the issue do not seem to be having any implications on the risk return profile of the investor however it must also be noted that the underlying currency of the asset may have some implications on the value since any changes in the interest rates will have impact on the exchange rates and this may